The Finance Minister, Situmbeko Musokotwane MP delivered the Budget Statement today. Further analysis to follow, but a key change appears to be the reduction in donor contribution and greater reliance of borrowing - the government is planning to borrow nearly half a billion US dollars to add to its existing rising foreign debt. But I am sure there some election goodies there! Its one study over the weekend!
Zambia 2011 Budget Address by Hon Musokotwane
And here goes the overview of main tax changes :
2011 Budget Highlights